This also marks the fresh 52-week low for the stock
However, the stock pared some loss later and was trading 1.28% up at INR 123 at 2 PM on the BSE
Till 2 PM, Yatra’s market capitalisation stood at INR 1,930.07 Cr ( $229.8 Mn) and as much as 1.52 Lakh shares traded hands on the bourses
Shares of online travel aggregator (OTA) Yatra
slumped as much as 1.6% to hit an all-time low at INR 119.50 during the intraday trade on the BSE today (October 8). This also marks the fresh 52-week low for the stock.
However, the stock pared some loss later and was trading 1.28% up at INR 123 at 2 PM on the BSE.
Till 2 PM, Yatra’s market capitalisation stood at INR 1,930.07 Cr ( $229.8 Mn) and as much as 1.52 Lakh shares traded hands on the bourses.
Yesterday (October 7), the Indian benchmark indices incurred a slump with sensex losing 202.80 points, closing at 82,352.64.
Factors like geopolitical tensions and foreign institutional investors’ selling pressure were attributed to this downturn in the market.
However, the senses regained 642.64 points to trade 0.85% up at 81,735.05 at 2:08 PM today.
Yatra made its market debut in September last year, listing at INR 130 against its upper price band of INR 142 for the IPO.
Since its listing, the stock has given a negative return of 6.5% to its retail investors.
Eyeing to increase its customer base, Yatra is on acquisition shopping and has acquired companies like Globe All India Services Limited, Adventure and Nature Network (ANN) and Air Travel Bureau (ATB) over the period.
Founded in 2016 by Shringi, Manish Amin and Sabina Chopra, Yatra is an online travel aggregator (OTA) and India’s largest corporate travel services provider. To date, it has bagged a total funding of $151.56 Mn till date.
On the financial front, Yatra’s consolidated net profit declined 32.5% to INR 4.04 Cr in Q1 FY25 from INR 5.99 Cr in the year-ago quarter. Sequentially, it declined about 27% from INR 5.57 Cr.
The jump in top line came even as operating revenue declined both on an annual and sequential basis. Revenue stood at INR 100.80 Cr in Q1 FY25, down 8.5% year-on-year (YoY) and 6.3% quarter-on-quarter (QoQ).
